Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to modify a grant agreement (Modification No. 2) with The Tony R Wells Foundation dba The Wells Foundation, a non-profit corporation, to add additional funding in an amount up to $50,000.00 to assist individuals facing housing instability, emergency vacate orders, or potential homelessness with funding for temporary accommodations. As it was authorized with the original agreement, this grant modification will include advancement of funds per a pre-determined schedule.
Original $ 65,000.00 Ord. 1686-2023 PO467735
Mod 1 $ 150,000.00 Ord. 3360-2024 PO485707
Mod 2 $ 50,000.00
Total $ 215,000.00
The Tony R Wells Foundation will partner with The Broad Street Presbyterian Church of Columbus, Ohio and act as their fiscal manager to dispense funding to enable temporary accommodations for households with an AMI at 80% or below. Assistance may include temporary accommodations for displaced families.
Through The Displaced Tenants Program, The Broad Street Presbyterian Church’s program COMPASS makes program eligibility determinations to qualify residents for funding to ensure housing stability and they will, in turn, inform the Tony R Wells Foundation which temporary accommodations are approved for funding and how much.
Funding for this program focuses on assisting displaced tenants from unsafe, unsanitary or inhabitable housing conditions. The Tony R Wells Foundation will make the payments directly to the recipients or other entities on their behalf. As such, funds will be advanced to the Tony R Wells Foundation.
Under this agreement, funding is included for recipients’ needs and a fee for the Tony R Wells Foundation acting as the fiscal manager.
In accordance with C.C. 329.09(a):
1. The amount of the additional funds to be e...
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